Rebuilding Together receives $2.25 million from Red Cross

Grant helps Hurricane Sandy victims rebuild

Rebuilding Together received a $2.25 million grant from the American Red Cross to rebuild nearly 90 homes damaged by Hurricane Sandy, the organization announced.

The grant allows Rebuilding Together to provide free critical home repairs in the affected areas.

“Senior citizens and low-income homeowners are among the most vulnerable in times of disaster and we are honored to be a partner with the Red Cross to help nearly 90 families get back on their feet,” said John Fiegel, interim president and CEO of Rebuilding Together.

Sponsor Content

As of July, Rebuilding Together affiliates in New York City, Long Island, Bergen County, Jersey City and Essex County have already completed more than 200 projects, helping more than 375 families or individuals.

Brena Swanson is formerly the Digital Reporter for HousingWire. Brena joined the HousingWire news team in February 2013, also serving in the roles of Reporter and Content Specialist. Brena graduated from Evangel University in Springfield, Missouri.

This month inHousingWire magazine

The appraisal industry is in the midst of huge disruption as automated valuation models and hybrid appraisal products gain favor with regulators and investors. What does the future hold for appraisers and appraisal companies as they adjust to the new realities of automation?

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Commentary

There has been a conscious and rapid shift to broaden the use of alternative valuation products for origination. Not every decision needs a $500, full-blown 1004 interior appraisal. And in some markets where appraisers are short in number, the turn times can stretch from days to weeks. What these new alternative — some would say disruptive — valuation products do is enable lenders and servicers to better match the product to the risk by harnessing big data and technology.